Archives
Bankrate: Mortgage Rates Drop Below 5 Percent Again
NEW YORK, N.Y. - January 6, 2011 - (RealEstateRama) -- Mortgage rates continue to yo-yo up and down, with the average rate on the benchmark conforming 30-year fixed mortgage rate falling back to 4.94 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.42 discount and origination points
HOPE NOW Completes 4th Year of Operation, Continues to Assist Millions of Struggling Homeowners...
WASHINGTON, DC - January 5, 2011 - (RealEstateRama) -- HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, wrapped up its fourth year of outreach efforts and assistance to the nation’s atrisk homeowners. The industry-led organization is poised for a busy 2011 in the areas of, homeowner education/outreach, data reporting on aid to homeowners, technology innovation and mortgage issues management
Freddie Mac Prices New $6 Billion Three-Year Reference Notes® Security
McLean, VA - January 5, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it priced its new 1.375% $6 billion three-year USD Reference Notes® security due on February 25, 2014. The issue, CUSIP number 3137EACR8, was priced at 100 to yield 1.375%, or 27 basis points more than three-year U.S. Treasury Notes. The issue will settle on Thursday, January 6, 2011
CEDIA Supports Home Technology TV Series on DIY Network
INDIANAPOLIS, IN - January 5, 2011 - (RealEstateRama) -- The Custom Electronic Design & Installation Association (CEDIA) has announced it will participate as an event sponsor at the launch event for Hollywood Hi-Tech, an upcoming show on the DIY Network that will show sophisticated technology installations in celebrity homes. CEDIA will support the show and will work closely with its host to help illustrate the benefits of working with a professional electronic systems contractor
STEPHEN GOULD CORPORATION EXPANDS AT LAKEMONT WEST
Charlotte, N.C. - January 4, 2011 - (RealEstateRama) -- The largest privately-held packaging company in the U.S. has relocated and expanded its regional headquarters with the lease of 40,000 square feet in Lakemont Industrial Park. The office had previously been located at Brookwood in smaller space. The new regional headquarters joins Stephen Gould’s existing 122,000-square-feet fulfillment center in Lakemont, which is leased and managed by Crescent Resources.
Statement of Charles E. Haldeman, Jr., Freddie Mac Chief Executive Officer, on Loan Repurchase...
McLean, VA - January 4, 2011 - (RealEstateRama) -- I'm pleased to reach this agreement with Bank of America and believe it is in all parties' best interests. Since entering federal conservatorship, Freddie Mac has focused sharply on being a responsible steward of taxpayer funds, and we have worked closely with our lender partners to ensure that standards for loan underwriting are vigorously maintained. Bank of America has long been one of Freddie Mac's largest and most important business partners and we look forward to continuing our work together to provide mortgage funding for America's families.
Freddie Mac Announces the Issuance of a New Three-Year Reference Notes® Security
McLean, VA - January 4, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it plans to issue a new three-year USD Reference Notes® security, CUSIP number 3137EACR8, due on February 25, 2014. The issue will be priced on Wednesday, January 5, 2011, and will settle on Thursday, January 6, 2011, at benchmark size.
Diane Turton, Realtors Collects Gifts & Donations For Needy Children As Part of Company’s...
POINT PLEASANT BEACH, NJ - December 29, 2010 - (RealEstateRama) -- During Diane Turton, Realtors’ sixth annual Turton Giving Tree project, the company collected unwrapped toys and gifts for local children who are in need as well as monetary donations that will go towards feeding needy families in the area.
State of South Dakota Receives $2.6 Million in Affordable Housing Funds
Des Moines, IA - December 28, 2010 - (RealEstateRama) -- Communities throughout the state of South Dakota were recently awarded $2.6 million in affordable housing grants through the Federal Home Loan Bank of Des Moines Affordable Housing Program (AHP)....
Innovative IDX Broker software syncs thousands of property listings instantly on Gulf Coast realty...
EUGENE, OR - December 28, 2010 - (RealEstateRama) -- Mobile, Alabama real estate Alexa Kennedy has chosen to upgrade her professional website by adding a custom IDX solution to her search page, thanks to IDX, Inc. and the IDX Broker software they supply to her. Gulf Coast Alabama MLS (GCAMLS) listings are automatically synced to her search capabilities, with the dynamic IDX solution Kennedy now employs. Finding homes online was once a daunting and incomplete task. But now, with IDX Broker, home seekers can experience the most thorough and efficient online search from the convenience of the website of Kennedy.
NAR’s Second Century Ventures Invests in Ifbyphone
Chicago, IL - December 28, 2010 - (RealEstateRama) -- The National Association of REALTORS® has invested in Ifbyphone through its strategic investment fund, Second Century Ventures. As part of the arrangement, NAR is also collaborating with Ifbyphone to develop solutions that enhance voice interactions for its more than 1.1 million REALTOR® members.
Bankrate: Mortgage Rates Dip Below 5 Percent
NEW YORK, N.Y. - December 23, 2010 - (RealEstateRama) -- Mortgage rates pulled back slightly this week, with the average rate on the benchmark conforming 30-year fixed mortgage rate receding to 4.96 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.46 discount and origination points.
Mortgage Rates Ease Back a Little This Week
McLean, VA - December 23, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its (PMMS®), which found that both fixed-rate mortgage rates eased slightly this week. The 5-year hybrid ARM dropped back slightly, but the 1-year ARM rates were up
Freddie Mac Issues Monthly Volume Summary for November 2010
McLean, VA - December 23, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today issued the company's Monthly Volume Summary for November 2010. The summary, available on the company's Web site at, provides information on Freddie Mac's mortgage-related portfolios, securities issuance, risk management and delinquencies, including data on seriously delinquent mortgage loans in related mortgage Participation Certificate (PC) pools.
Susan Alt Sentenced to Nine Years in Prison for 14.7 Million Dollar Mortgage Fraud...
CLEVELAND, OH - December 20, 2010 - (RealEstateRama) -- Cuyahoga County Prosecutor Bill Mason and the Cuyahoga County Mortgage Fraud Task Force operating under authorization of Ohio Attorney General Richard Cordray and Ohio’s Organized Crime Investigations Commission announced that Susan Alt was sentenced to nine years in prison and ordered 2 million dollars in forfeiture
Bankrate: Mortgage Rates Rise Significantly
NEW YORK, N.Y. - December 20, 2010 - (RealEstateRama) -- Mortgage rates increased again this week, with the average conforming 30-year fixed mortgage rate now 4.62 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.37 discount and origination points.
Freddie Mac Extends Foreclosure Protection for Service Members Through 2011
McLean, VA - December 20, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today instructed its servicers to delay initiating foreclosure for at least nine months for financially troubled service members who are released from active duty through the end of 2011 and have Freddie Mac-owned mortgages. Freddie Mac is one of the nation’s largest investors in conforming, conventional mortgages
MRG Document Technologies Prepares Mortgage Documents for 2011 Regulations
DALLAS, TX - December 17, 2010 - (RealEstateRama) -- MRG Document Technologies (MRG), a provider of mortgage document preparation software and compliance technology to banks, credit unions and other lenders nationwide, has developed the forms needed for compliance with upcoming 2011 regulations that mandate changes to both the Truth in Lending Act (TILA) and risk-based pricing disclosures. Both updates are meant to provide consumer clarification in regards to loan decisioning and final terms.
Agents: Don’t Let Your Funny Bone Go Into Foreclosure
Atlanta, GA - December 17, 2010 - (RealEstateRama) -- Realtors,it’s been a tough year. Don’t let your funny bone go into foreclosure. Why notend the year on a positive note? Have a few laughs and save money at the sametime. Work Like A Dog Books has temporarily created short salepricing on its popular real estate book, AllIn A Day’s Work for Real Estate Agents—Humorous & Heartwarming Stories.The Next Generation Indie Book Awards humor/comedy category finalist featuresmore than 100 funny, crazy, bizarre or touching stories of real-life thingsthat happened to agents in the line of duty. Agents from 44 states have their“war” stories included in the book
Bankrate: Mortgage Rates Hit 5%
NEW YORK, N.Y. - December 16, 2010 - (RealEstateRama) -- Mortgage rates soared again this week, with the average rate on the benchmark conforming 30-year fixed mortgage rate rising to 5 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.40 discount and origination points.